Ramky Infrastructure Q1 Profit Down 33% to Rs 71 cr
By Rediff Money Desk, New Delhi Aug 15, 2024 15:42
Ramky Infrastructure's Q1 FY24-25 profit declined 33% to Rs 71 crore, despite revenue growth. The company attributed the decline to seasonal headwinds.
New Delhi, Aug 15 (PTI) Ramky Infrastructure Ltd has reported a 32.6 per cent decline in consolidated profit after tax (PAT) to Rs 70.9 crore for the April-June quarter of this fiscal compared to Rs 105.2 crore in the year-ago period, according to a statement.
Revenue from operations rose to Rs 569.1 crore in the first quarter of 2024-25 from Rs 556.7 crore in the year-ago period.
"Our financial performance in Q1 FY 2024-25 underscores the strength of our fiscal discipline and strategic foresight. Despite the seasonal economic headwinds, we have maintained a healthy growth trajectory, with significant improvements in our core financial metrics when adjusted for last year's one-time gain," Ramky Group CFO N S Rao said in the statement.
"We remain committed to optimizing our capital structure and enhancing shareholder value as we continue to drive sustainable growth," Rao said.
The Ramky Group company has completed a wide range of construction and infrastructure projects focusing on industrial infrastructure development and EPC projects in fields like water, wastewater treatment and urban infrastructure development.
Revenue from operations rose to Rs 569.1 crore in the first quarter of 2024-25 from Rs 556.7 crore in the year-ago period.
"Our financial performance in Q1 FY 2024-25 underscores the strength of our fiscal discipline and strategic foresight. Despite the seasonal economic headwinds, we have maintained a healthy growth trajectory, with significant improvements in our core financial metrics when adjusted for last year's one-time gain," Ramky Group CFO N S Rao said in the statement.
"We remain committed to optimizing our capital structure and enhancing shareholder value as we continue to drive sustainable growth," Rao said.
The Ramky Group company has completed a wide range of construction and infrastructure projects focusing on industrial infrastructure development and EPC projects in fields like water, wastewater treatment and urban infrastructure development.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.89 (+ 4.71)
- 43241746
- Jaiprakash Power Ven
- 23.26 (+ 5.01)
- 24565127
- Sanofi Consumer Heal
- 5,024.00 (+ 0.84)
- 13905009
- AvanceTechnologies
- 0.90 (+ 4.65)
- 11860501
- Sylph Technologies L
- 1.03 ( -9.65)
- 11204903
MORE NEWS
MHI Seeks ARAI Input on Ola Electric Complaints
The Ministry of Heavy Industries (MHI) has asked ARAI for details on consumer...
Indian Markets Climb on Global Trends
Indian equity indices rose in early trade, driven by firm global markets and buying in...
TCS Cancels Q2 Earnings Call After Ratan Tata's...
Tata Consultancy Services (TCS) has cancelled its Q2 earnings press conference...